1. Summary Information
|
|
|
Country |
|
|
Company Name |
ADVANCE COMPONENTS AND INSTRUMENTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Ashok Narasimha Joshi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sudhakar Narasimha Joshi |
|
|
|
Registration # |
08-002885 |
|
Street Address |
3A-3A, Belvadi Industrial Area, |
||
|
Established Date |
09.10.1975 |
SIC Code |
-- |
|
Telephone# |
91-821-2402301/2402307 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-821-2403058 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Active/Passive Electromechanical |
|
# of employees |
Not Available |
Product Name 2 |
Microwave Components/Plastic Film Capacitors |
|
Paid up capital |
Rs.1,110,000/- |
Product Name 3 |
Testing and Measuring Instruments |
|
Shareholders |
Directors or relatives of directors 100.00% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
37 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
31,784,000 |
Current Liabilities |
7,362,000 |
|
Inventories |
15,777,000 |
Long-term Liabilities |
000 |
|
Fixed Assets |
8,820,000 |
Other Liabilities |
10,408,000 |
|
Deferred Assets |
983,000 |
Total Liabilities |
17,770,000 |
|
Invest& other Assets |
44,783,000 |
Retained Earnings |
83,267,000 |
|
|
|
Net Worth |
84,377,000 |
|
Total Assets |
102,147,000 |
Total Liab. & Equity |
102,147,000 |
|
Total Assets (Previous Year) |
87,668,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
61,836,000 |
Net Profit |
10,986,000 |
|
Sales(Previous yr) |
44,980,000 |
Net Profit(Prev.yr) |
7,367,000 |
|
Report Date : |
11.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE COMPONENTS AND INSTRUMENTS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
3A-3A, Belvadi Industrial Area, Mysore - 570018, Karnataka. |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.10.1975 |
|
|
|
|
Com. Reg. No.: |
08-002885 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.110 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101KA1975PTC002885 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Importing, Exporting and dealing in all kinds of
active/passive electromechanical, microwave components/plastic film
capacitors, testing and measuring instruments, medical/mass electronics and
nuclear instruments etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 330000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Factory 1 : |
3A-3A, Belvadi Industrial Area, Mysore - 570018,Karnataka,India |
|
Tel. No.: |
91-821-2402301/2402307 |
|
Fax No.: |
91-821-2403058 |
|
Email: |
|
|
|
|
|
Factory 2 : |
C-176,Yadavagiri Industrial Estate, Mysore-570002, India |
|
Tel. No.: |
91-821-2515895 |
|
Fax No.: |
91-821-2403058 |
|
Email: |
|
|
|
|
|
Marketing and
Distribution Office : |
3 Amrit Keshav Nayak Marg, Fort, Mumbai-400001, India |
|
Tel. No.: |
91-22-22073507 |
|
Fax No.: |
91-22-22077183 |
|
Email: |
|
|
|
|
|
Overseas Office
: |
45 Rockegeller Plaza, Suite 2000, New York, NY 10111, USA |
|
Tel. No.: |
1-216-7022580 |
|
Fax No.: |
1-917-2103861 |
|
Email: |
DIRECTORS
As on 28.09.2011
|
Name : |
Mr. Ashok Narasimha Joshi |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
165F, Khareghat Road, Dadar, Mumbai-400014,Maharashtra,India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
29.08.1942 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
09.10.1975 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00141055 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sudhakar Narasimha Joshi |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
37, II Cross, Gokulam 3rd Stage, Mysore-570002, Karnataka,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.09.1944 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.10.1978 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00153852 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ajay Ashok Joshi |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
165 F Kahreghat Road, Dadar, Mumbai - 400014 |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.06.1973 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.01.1999 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00141111 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ravindra Katapadikar Shanbhogue |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
96 1st Stage 11th Cross Indra Nagar,
Bangalore-560038, Karnataka, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.06.1949 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.11.2006 |
||||||||||||||||||||||||||||||||
|
Din No.: |
02374240 |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vedavyas Udyaver Rao |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
536, 5th Main, 11th Cross, Gokulam, 2nd
Stage, Mysore-570002, Karnataka, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.01.1937 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.12.1978 |
||||||||||||||||||||||||||||||||
|
Din No.: |
00134254 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikram Sudhakar Joshi |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
37, II Cross, Gokulam 3rd Stage, Mysore-570002, Karnataka,
India |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.11.1970 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.09.2011 |
||||||||||||||||||||||||||||||||
|
Din No.: |
05106057 |
||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ashok N Joshi |
|
577 |
|
Anil R Shenoi |
|
255 |
|
Lata A Joshi |
|
750 |
|
Anantrai Shah |
|
100 |
|
Kripag |
|
10 |
|
Ajay A Joshi |
|
915 |
|
NG Ramnathan |
|
100 |
|
Suresh Kamath |
|
250 |
|
Jaishree R Kamat |
|
100 |
|
Ramesh S Kamat |
|
150 |
|
Vinay V Rao |
|
50 |
|
Vikram S Joshi |
|
491 |
|
Rekha V Rao |
|
1267 |
|
U.Vedvyas Rao |
|
1480 |
|
Mukta S Joshi |
|
1595 |
|
Sudhakar N Joshi |
|
2120 |
|
Chabildas Rangwala |
|
450 |
|
Sanjay Joshi |
|
440 |
|
|
|
|
|
Total |
|
11100 |
As on 28.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Importing, Exporting and dealing in all kinds of
active/passive electromechanical, microwave components/plastic film capacitors,
testing and measuring instruments, medical/mass electronics and nuclear
instruments etc. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2010]
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
Metallised Plastic Film Capacitors |
Pcs |
10 Million |
3370456 |
GENERAL INFORMATION
|
Customers : |
·
ABB ·
Aplab Limited ·
Autometers Limited ·
Hirect Limited ·
HAL ·
Mitsuba Sicgal ·
Lucas TVS ·
Xerox India ·
Siemens ·
Semikron ·
GE Medical ·
Bharat Electronics ·
Kirloskar Electric Company Limited ·
Indian Railways ·
Topland ·
Areva (Formerly GEC Alsthom) |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
·
Canara Bank, Jayalakshmipuram, Mysore-570013,
Karnataka, India ·
Canara Bank, PM Road, Fort, Mumbai-400001,
Maharashtra, India ·
State Bank of India, Belavadi,
Mysore-570018,Karnataka, India ·
ICICI Bank, Kalidasa Road, Mysore, Karnataka,
India ·
Citi Bank, DN Road, Mumbai-400001, Maharashtra,
India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.R. Shanbhogue Chartered Accountants |
|
Address : |
439, 18th Main, 6th Block, Koramangala,
Bangalore-560095, Karnataka, India |
|
Pan No.: |
AAAFF1843E |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000 |
Equity Shares |
Rs.100/- each |
Rs.1.500 Millions |
|
3500 |
Preferences Shares |
Rs.100/- each |
Rs.0.350 Million |
|
|
Total |
|
Rs.1.850
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
11100 |
Equity Shares |
Rs.100/- each |
Rs.1.110
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.110 |
1.110 |
1.110 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
83.267 |
75.992 |
70.892 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
84.377 |
77.102 |
72.002 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.377 |
77.102 |
72.002 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.820 |
8.764 |
8.391 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
44.783 |
44.723 |
39.406 |
|
|
DEFERREX TAX ASSETS |
0.983 |
0.547 |
0.678 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.777
|
10.813 |
11.278 |
|
|
Sundry Debtors |
13.574
|
13.109 |
10.488 |
|
|
Cash & Bank Balances |
10.281
|
4.822 |
7.164 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
7.929
|
4.890 |
9.415 |
|
Total
Current Assets |
47.561
|
33.634 |
38.345 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.998
|
1.254 |
1.155 |
|
|
Other Current Liabilities |
4.364
|
3.113 |
2.477 |
|
|
Provisions |
10.408
|
6.199 |
11.186 |
|
Total
Current Liabilities |
17.770
|
10.566 |
14.818 |
|
|
Net Current Assets |
29.791
|
23.068 |
23.527 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.377 |
77.102 |
72.002 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
61.836 |
44.980 |
45.980 |
|
|
|
Other Income |
2.265 |
2.749 |
1.763 |
|
|
|
TOTAL |
64.101 |
47.729 |
47.743 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Central Excise
Duty |
5.154 |
2.770 |
4.103 |
|
|
|
Central Excise Duty
on Stock |
0.372 |
0.255 |
0.368 |
|
|
|
Commercial Tax |
1.204 |
0.889 |
1.977 |
|
|
|
Raw Material
Consumed |
21.109 |
14.939 |
13.402 |
|
|
|
Other
Expenditure |
20.746 |
16.240 |
16.353 |
|
|
|
Increase/(Decrease)
in Finished Goods |
(2.359) |
0.666 |
(0.051) |
|
|
|
TOTAL |
46.226 |
35.759 |
21.544 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.875 |
11.970 |
26.199 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.923 |
1.773 |
16.353 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
15.952 |
10.197 |
9.846 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.966 |
2.830 |
3.156 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
10.986 |
7.367 |
6.689 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
44.764 |
40.413 |
37.071 |
|
|
|
|
|
|
|
|
|
Add |
REVERSAL
OF PRIOR YEAR LEAVE ENCASHMENT PROVISION |
0.115 |
0.000 |
0.000 |
|
|
|
REVERSAL
OF PRIOR YEAR TAX PROVISION |
0.041 |
0.331 |
0.000 |
|
|
|
REVERSAL
OF PRIOR YEAR DEPRECIATION |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Interim Dividend on Equity Shares |
1.110 |
0.000 |
0.000 |
|
|
|
Tax on Interim Dividend |
0.180 |
0.000 |
0.000 |
|
|
|
Proposed Final Dividend on Equity Shares |
2.220 |
2.220 |
2.220 |
|
|
|
Tax on Dividend |
0.360 |
0.377 |
0.377 |
|
|
|
Transferred to General Reserve |
1.600 |
0.750 |
0.750 |
|
|
BALANCE CARRIED
TO THE B/S |
50.438 |
44.764 |
40.413 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1.475 |
0.427 |
0.579 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
5.696 |
4.981 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
990.00 |
664.00 |
603.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
17.14
|
15.43 |
14.01 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
25.80
|
22.67 |
21.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.29
|
24.05 |
21.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.13 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.21
|
0.13 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.68
|
3.18 |
2.59 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
PRODUCTION, SALES AND FINANCIAL
RESULTS:
The sales during the year have been very good
and have been highest in the history of the company. The sales for the period
April-August of this year were marginally higher at Rs.21.000 Millions (Rs.20.400
Millions previous year). The automobile industry sales picked up during 2009-10
and have shown strong growth in 2010-11. However, the automotive industry and
other sectors are showing signs of weakness and outlook for the remaining part
of the year is uncertain. Input costs during the year have continued to go up
and is a sign of worry. They have continued to replace some of the old machines
to improve their productivity.
FIXED ASSETS:
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is or
was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.80 |
|
|
1 |
Rs.86.53 |
|
Euro |
1 |
Rs.68.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.